XUSHENG(SH:603305)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥800,557,886.56, representing an increase of 81.72% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥120,931,444.47, up 34.04% year-on-year[6]. - The net profit excluding non-recurring gains and losses was ¥115,235,454.93, reflecting a 41.68% increase compared to the previous year[6]. - Basic and diluted earnings per share were both ¥0.27, an increase of 28.57% year-on-year[8]. - Total operating revenue for the first three quarters of 2021 reached ¥2,012,003,009.08, a significant increase from ¥1,104,885,163.41 in the same period of 2020, representing an increase of approximately 82.1%[33]. - Net profit for the first three quarters of 2021 was ¥331,287,727.75, up from ¥230,910,958.95 in 2020, indicating a growth of approximately 43.5%[37]. - The total comprehensive income for the period attributable to the parent company was CNY 331,696,469.20, compared to CNY 230,969,928.32 in the previous year, representing an increase of approximately 43.7%[39]. - Basic and diluted earnings per share were both CNY 0.74, up from CNY 0.55 in the same period last year, indicating a growth of 34.5%[39]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,589,592,308.60, a 21.72% increase from the end of the previous year[8]. - The total assets as of the end of the reporting period amounted to ¥5,589,592,308.60, up from ¥4,592,050,088.29 in the previous year, representing an increase of approximately 21.7%[30]. - Total liabilities increased to ¥2,081,076,888.73 from ¥1,265,072,236.42, reflecting a growth of about 64.5%[30]. - The company's equity attributable to shareholders reached ¥3,504,855,475.17, compared to ¥3,322,820,920.63 in the previous year, indicating an increase of approximately 5.5%[30]. Cash Flow - The company's cash flow from operating activities showed a decline of 32.21% year-to-date, totaling ¥150,542,338.87[6]. - Cash inflow from operating activities totaled CNY 1,813,935,643.55, compared to CNY 1,095,680,644.74 in the previous year, reflecting an increase of 65.5%[41]. - Cash outflow from operating activities was CNY 1,663,393,304.68, up from CNY 873,604,854.47, resulting in a net cash flow from operating activities of CNY 150,542,338.87, down from CNY 222,075,790.27[45]. - Cash inflow from investment activities was CNY 1,683,457,313.35, compared to CNY 374,357,207.59 in the previous year, showing a significant increase of 349.5%[45]. - The net cash flow from investment activities was -CNY 341,569,702.10, an improvement from -CNY 1,011,417,784.98 in the previous year[45]. - Cash inflow from financing activities was CNY 439,011,652.79, down from CNY 1,479,590,839.56 in the previous year[45]. - The net cash flow from financing activities was -CNY 185,849,401.83, compared to a positive CNY 1,217,162,217.12 in the previous year[45]. - The ending balance of cash and cash equivalents was CNY 308,739,156.05, down from CNY 784,666,127.87 in the previous year[47]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,916[15]. - The top shareholder, Ningbo Meishan Bonded Port Area Xusheng Holdings Co., Ltd., holds 129,983,130 shares, accounting for 29.08% of the total shares[17]. - The second-largest shareholder, Hong Kong Xuri Industrial Co., Ltd., holds 102,129,397 shares, representing 22.85% of the total shares[17]. - Xu Xudong, a natural person shareholder, owns 72,900,303 shares, which is 16.31% of the total shares[17]. - The company has not identified any related party transactions among the top shareholders, except for Xu Xudong, who is the controlling shareholder[19]. Research and Development - Research and development expenses increased by 114.41%, indicating a significant investment in innovation[13]. - Research and development expenses increased to ¥91,022,193.71 in the first three quarters of 2021, compared to ¥42,451,999.36 in 2020, marking an increase of about 114.4%[33]. Inventory and Receivables - The company experienced a 66.41% increase in accounts receivable, attributed to expanded business scale[11]. - Inventory levels rose by 84.36%, reflecting increased production capacity[11]. - The company reported an increase in accounts receivable to 701,879,649.47 RMB from 421,774,271.14 RMB year-over-year[25]. - Inventory has increased significantly to 800,992,313.71 RMB from 434,468,630.09 RMB at the end of 2020[25]. Other Financial Metrics - The company's cash and cash equivalents are reported at 681,496,956.05 RMB, slightly down from 688,262,979.32 RMB at the end of 2020[25]. - The company reported a significant increase in fixed assets, totaling ¥1,106,559,225.76, compared to ¥988,297,960.66 in the previous year, indicating ongoing investment in infrastructure[30]. - Deferred income tax liabilities rose to ¥32,926,464.76 from ¥18,525,699.23, reflecting changes in tax strategy or asset valuations[30]. - The company's cash and cash equivalents were not explicitly mentioned, but the increase in short-term borrowings to ¥438,945,253.35 from ¥100,086,111.11 suggests a strategy to enhance liquidity[30]. - The company is in the process of issuing convertible bonds, pending approval from the China Securities Regulatory Commission[21].